MP Haribabu asks bankers to extend Mudra loans to vendors

MP K.Haribabu today asked bank officials to provide ‘Sishu’ (initial round of loan of Rs.50,000 under Mudra loans) to vendors at the fish market near Central Park. He said thought it was introduced with a view to helping vendors, in Andhra Pradesh, the total loan amount disbursed was much less than the neighbouring Karnataka.

Of the 12,000 vendors identified in GVMC area, loans were recommended to 950 and given to 410 according to BJP leaders. GVMC Commissioner M.Hari Narayanan, MLA P.Vishnu Kumar Raju, MLC P.V.N.Madhav, BJP city president M.Nagendra and Lead District Manager Saratbabu and officials of SBI, Canara Bank and Syndicate Banks participated.